Norfolk Southern intends to acquire 300-plus-mile Midwest-Southeast short line
Norfolk Southern plans to acquire the 337-mile Cincinnati Southern Railway, which runs between Cincinnati and Chattanooga, Tennessee.
The city of Cincinnati, which owns the railway, would receive cash consideration of $1.62 billion. The railroad would pay for the transaction through a combination of internal and external sources, NS said Monday.
The acquisition, which would need to be approved by Cincinnati voters and...